Mitch Genser
Accounting and Bed Bugs
I am getting some mixed messages about how to deal with the accounting for bed bug remediation in an apartment building my company owns. Normal, regular and modest 'pest management' is clearly part and parcel of '...
Chris Leppanen
How the Money Flows (New to investing)
Hi there everyone! So I've been doing a lot of research and I was just wondering if someone could explain the general way money would flow from a cash flowing property and into either my, or the business bank account ...
Lane Mcdonald
Necessary to have someone else do the accounting?
I'm just starting out, about to close on my first deal. Wondering if it's necessary to have a professional to the accounting work as to not mess it up for tax reasons. Or is it manageable by the owner and not worth it...
Kate Jones
Keeping track of taxes
Targeting all investors:
Taxes are important. You can write off a lunch conference and save lots. I’m targeting those who really keep track on the tiny expenses to the big ones on a daily basis. Even if you have a bo...
Jeff L.
Looking for CPA in Socal (Irvine, Lake Forest, Costa Mesa area)
My situation is pretty simple (for a real estate investor):Regular W2 from day jobMisc interestA few dividends from stocksI sold 9 rentals in August in a single transactionI'm very organized and have all income, categ...
Blake Reynolds
Difference Between A "Multi Family" and "Townhomes"
I have been wondering for a while what distinguishes the differences between these two things?I often see townhomes where there are only 2 or 4 units all attached in one "building" but when you look them up they are c...
Minh Lai
Are operating expenses tax-deductible? & Other Tax questions
Hello, I got some caffeine in my system so let me know if you do not follow. 1a) I know that Interest on the mortgage is deductible 1b) I know that property depreciation is tax-deductibleTotal Tax Deductions = (Inter...
Eric Chappell
Has anyone use Rental Hero for bookkeeping?
I have been trying to research the least expensive way to keep my records until I build my real estate rentals more. I tried to set up quickbooks online, but without paying $720 a year for the ability to do class tra...
Vincent Crane
Quickbooks question - receipt vs transaction upload?
If I upload my transactions from my credit card and categorize it as business, do I ALSO need to upload a receipt for that transaction too? That would be quite annoying to have to do that if I've already imported the ...
Account Closed
Email Folder or Label Structure
Hi everyone!I've been looking at my email folder and label structure. I think there may be a better way to label my emails or group them in a series of folders. What folders/labels do you use to categorize and group y...